The renewable energy company has leased 65,000 square feet in South Tampa and plans to
Available Incentives and Tax Advantages
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Tampa’s Favorable Cost Advantages
Tampa’s cost-friendly business environment and favorable tax climate, coupled with workforce training grants and other resources, helps lower the barriers to market entry and mitigate the cost of relocation and expansion.
Available Incentives
At the state and local level there are incentives that help lower the costs of relocation and expansion: Workforce Training Incentives, Infrastructure Incentives, and Special Opportunity Incentives.
City of Tampa's Business Incentive Map:
The City of Tampa has developed a tool for new and existing businesses within the City of Tampa limits to look up available incentives at the local, state, and federal levels.
Quick Response Training Program (QRT):
Reimbursable training expenses for instructor wages, curriculum development and materials for new value-added businesses or provide existing Florida businesses the necessary training for expansion.
Target Area Programs, including Opportunity Zones, New Markets Tax Credits, and Community Redevelopment Areas.
Target Area Programs
including Opportunity Zones, New Markets Tax Credits, and Community Redevelopment Areas.
The Tax Advantage
The state and local tax climate is perhaps a more compelling reason to invest in the region, which is why Chief Executive Magazine consistently ranks Florida as a top state for business.
#1 Best State Business Environment
– WalletHub, 2023
#1 For Attracting and Developing a Skilled Workforce
– Lightcast, 2023
#2 Best State for Business
– Chief Executive, 2024
What's New in Tampa Bay?
STM Canna is leasing more than 2,600 square feet in downtown Tampa with plans to
New Jersey-based Norwalt originally expanded to the Tampa market in 2022 and is now expanding
Tampa Bay Economic Development Council President and CEO Craig Richard recently appeared on iHeart Radio’s